Public-Private Partnerships in the New EU Member States

Budina, Nina ; Polackova Brixi, Hana ; Irwin, Timothy

Washington, DC:World Bank

关键词: ACCOUNTABILITY;    ACCOUNTABILITY STRUCTURES;    ACCOUNTING;    ACCOUNTING PRINCIPLES;    ACCOUNTING STANDARD;   

DOI  :  10.1596/978-0-8213-7153-4
RP-ID  :  40558

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Public-private partnerships (PPPs)operate at the boundary of the public and private sectors,being neither fully public nor fully private. PPPs aredefined in this paper as privately financed infrastructureprojects in which a private firm either: (i) sells itsservices to the government; or (ii) sells its services tothird parties with significant fiscal support in the form ofguarantees. Despite these common elements of PPPs acrosssectors, there are differences in the type of arrangementsthat are typical in each sector. This study focuses onwhether and when using PPPs can create fiscal space foradditional infrastructure investments in the EU8. In doingso, the paper will examine the fiscal risks of PPPs and therole of fiscal institutions in this regard, including howthese affect the use and design of PPPs and thus thepotential for creating fiscal space while promotinginvestment in infrastructure. Chapter 2 distinguishes theillusory from the real fiscal effects of PPPs. Chapter 3relates the extent to which PPPs reduce fiscal costs to thenature of fiscal institutions. Chapter 4 explains how fiscalinstitutions can be improved to encourage fiscal prudence inthe use and design of PPPs. Chapter 5 concludes.